Position Summary Coordinates facility processes with centralized finance to ensure a strong internal control environment to safeguard assets and produce timely, consistent, and accurate financial information. Communicates results in a timely and straightforward manner.
Principal Duties and Accountabilities
Oversees budgeting and long-term financial planning for the hospital in order to achieve the organization's mission and vision through short-term and long-term goals.
Represents the organization and its directors and officers in hospital-related financial affairs, including the presentation of financial results and regulatory issues impacting the hospital and its related entities.
Participates as a contributing leader in the hospital's strategy and business development functions and activities.
Enforce compliance policies and procedures; assist or help coordinate compliance investigations, audits, and monitoring activities.
Participates in the preparation and execution of policies, procedures and plans required for effective hospital operations and regulatory compliance.
Direct liaison to the Outsourced Chief Investment Officer firm.
Serve as chair of the Board of Directors Investment Committee, as appointment by the Chairman of the Board.
Responsible for oversight of all financial and tax reporting at the federal, state, and local levels, including but not limited to IRS Form 990, Medicare Cost Report, and the Disproportionate Share Survey.
Serves as a liaison between the River Bend Hospital management organization and NCHS.
Monitors the days in account receivables, cash collections, and other revenue cycle metrics to an optimum performance level as applicable.
Assess and recommend changes to develop efficient business processes with a focus on effective revenue cycle management.
Financial oversight for grantmaking.
Education and Experience
Strong knowledge and understanding of business and financial healthcare as normally obtained through the completion of a bachelor’s degree in Accounting, Finance, Economics, Business Administration or related discipline.
Must possess a strong knowledge and understanding of financial operations with a minimum of five-plus years of progressively responsible financial leadership experience.
Must possess a minimum of three years of experience in a healthcare entity or healthcare auditing at a manager level or higher.
Experience working in all financial disciplines, including but not limited to: financial analysis, revenue cycle, budgeting, and accounting.
Master's degree, CPA, or equivalent preferred.
Healthcare finance and accounting principles, laws, and best practices.
Knowledge and thorough understanding of insurance and managed care contracting principles and practices.
The principle and methodology of finance management and ability to use the functions, tools and processes needed to manage financial assets and liabilities throughout the organization.
Business concepts, tools and techniques and ability to operate with a business mindset that complements one's functional specialty and keeps it in a business context.
The principles and methodology of budget management and ability to utilize the tools, techniques and procedures needed to establish and monitor budgets.
Tools and approaches of financial analysis; ability to read, interpret and draw accurate conclusions from financial and numerical material.
Processes, tools and techniques of financial forecasting and modeling; ability to explore and evaluate alternative financial scenarios and results.
Healthcare billing and insurance process.
In-depth knowledge of revenue cycle, accounting principles, budgeting, cost accounting and reimbursement.
Organization North Central Health Services (NCHS), located in West Lafayette, Indiana, was created in 1984 to serve as the parent company of a family of corporations which included Lafayette Home Hospital, Home Hospital Foundation, and Service Frontiers Incorporated. Today, NCHS has a primary responsibility to operate River Bend Hospital, which is a nonprofit inpatient psychiatric hospital, licensed and certified by the Indiana FSSA Division of Mental Health and Addiction and accredited by the Joint Commission.
NCHS also is a grantmaking organization providing primarily capital grants to 501(c)(3) organizations serving the citizens of Benton, Carroll, Clinton, Fountain, Montgomery, Tippecanoe, Warren, and White counties in Indiana. Grants are awarded to organizations for projects that relate to health and healthy communities.
To apply, please send your resume and cover letter to firstname.lastname@example.org.
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About North Central Health Services, Inc.
North Central Health Services was created in 1984 to serve as the parent company of a family of corporations which included Lafayette Home Hospital, Home Hospital Foundation, and Service Frontiers Incorporated. Today, NCHS has a primary responsibility to operate River Bend Hospital, which is a nonprofit inpatient psychiatric hospital, licensed and certified by the Indiana FSSA Division of Mental Health and Addiction and accredited by the Joint Commission.NCHS also is a grantmaking organization providing primarily capital grants to 501(c)(3) organizations serving the citizens of Benton, Carroll, Clinton, Fountain, Montgomery, Tippecanoe, Warren, and White counties in Indiana. Grants are awarded to organizations for projects that relate to health and healthy communities.